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Markets Unanchored?

March 02, 2018
The announcement of the US intention to impose tariffs on imported steel and aluminum on national security grounds has sent ripples through the capital markets. Yet there is certainly more going on here than that.  The tariffs, justification, and magnitude have indicated and expected.  
After reversing lower on Tuesday and selling off on Wednesday,…
Markets Unanchored? Markets Unanchored?  Reviewed by Marc Chandler on March 02, 2018 Rating: 5
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The Future is Coming (Wonkish, but Short): LIBOR Alternative

March 01, 2018
Since the Great Financial Crisis, officials in the US and Europe have been moving to find an alternative to LIBOR.  The London Inter-Bank Offered Rate is an important benchmark for trillions of dollars of contracts.  The problem is that it was rigged and some argue there may be a better and more representative rate.  
Although the Trump Administrat…
The Future is Coming (Wonkish, but Short): LIBOR Alternative The Future is Coming (Wonkish, but Short):  LIBOR Alternative Reviewed by Marc Chandler on March 01, 2018 Rating: 5
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Is March Good for Stocks?

March 01, 2018
Many equity investors are understandably uneasy. The fear is last month's swoon is not over. Although the S&P 500 recovered more than 61.8% of its drop, the light volume and lack of breadth of the recovery keeps investors on edge.  
There is also the old saw about "three steps and a stumble."  The Fed did hike rates once in 2015 a…
Is March Good for Stocks? Is March Good for Stocks?  Reviewed by Marc Chandler on March 01, 2018 Rating: 5
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USD Snaps 3-Month Slide, Firm Ahead of Powell Part II

March 01, 2018
The US dollar rebounded last September and October before the downtrend resumed in November, and lasted through January.  The dollar gained broadly last month, except against the yen, which rose almost 2.4% in February.   This pattern is evident today, the first trading day of March.  The dollar is extending its gains against most currencies but i…
USD Snaps 3-Month Slide, Firm Ahead of Powell Part II USD Snaps 3-Month Slide, Firm Ahead of Powell Part II Reviewed by Marc Chandler on March 01, 2018 Rating: 5
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